ECONOMIC INDICATORS
(A) Inflation
The overall year-on-year inflation declined to 7.3% in July from 7.9% in June. This was mainly attributed to reduced food prices. The food and non-alcoholic beverages index dropped 0.5%. The housing, water, electricity, gas and other fuels index edged 1.2% lower due to lower gas and electricity costs. However, the transport index rose by 3.5% driven by elevated petrol and diesel prices, leading to a hike in fare prices.
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